iGate shines on US acquisition
DALAL STREET SPIKES
| The move was prompted by the company increasing its stake in a US mortgage origination-services firm. The scrip saw volumes of around 5,600 shares, about four times its usual number. |
| The Indian company increased its stake in Loan Pro LLC, a US firm, from 5 to 60 per cent so as to takeover the latter's proprietary technology platform for use in India. |
| The company has expertise in investment strategies, technology leverage and business process outsourcing and provisioning. It also offers services such as consulting, enterprise data management. |